JPMorgan Chase Pledges $20 Million to Support U.S. Military Veterans
and Their Families

Firm expands its commitment to the military and veteran communities,
partners with philanthropic leaders across the country in new
Philanthropy-Joining Forces Impact Pledge

April 30, 2014 10:30 AM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE:JPM) today pledged to invest $20 million over
the next five years to support U.S. military veterans and their
families. This pledge builds upon the firm’s existing programs and
initiatives for military veterans focused on employment, education and
housing.

JPMorgan Chase’s expanded pledge endorses the new collaborative effort
of the White House’s Joining Forces Initiative and philanthropic leaders
across the nation known as the Philanthropy-Joining Forces Impact
Pledge. The Philanthropy-Joining Forces Impact Pledge – initiated by the
Blue Shield of California Foundation, the Bristol Meyers Squibb
Foundation, the Lincoln Community Foundation and the McCormick
Foundation – creates a community of funders and builds momentum for
programs that will support service members, veterans and their families,
in local communities.

“We are honored to join with other leaders to support our nation’s
veterans and military families as they transition to civilian life,”
said Peter Scher, head of Corporate Responsibility for JPMorgan Chase.
“We believe this collaboration will make a dramatic difference for the
servicemembers and their families who have given so much for our nation.”

JPMorgan Chase will earmark the $20 million for programs and initiatives
focused on employment, education and housing, which are designed to help
veterans and their families succeed after their military service ends.
The pledge includes a commitment to community partners that provide
direct services to the military and veteran populations through both
national and regional programming – as well as a continued commitment to
fund higher education programs for veterans and Syracuse University’s
Institute for Veterans and Military Families, which the firm co-founded
in 2011.

“We’ve seen dramatic progress over the last three years since we
launched our military and veterans program and believe our renewed
promise will encourage more employers and institutions to join us in
supporting our nation’s best,” said Jim Cummings, global head of
Infrastructure Protection, Business Continuity and Military Affairs for
JPMorgan Chase.

In addition to the firm’s philanthropic work, JPMorgan Chase in 2011
worked with 10 other companies to launch the 100,000 Jobs Mission,
promising to hire 100,000 veterans by 2020. Since then, the coalition
has grown to more than 150 companies, which have collectively hired more
than 117,000 veterans. That prompted the companies to double their
commitment – to hire a total of 200,000 veterans – and to expand their
efforts to include military spouses.

JPMorgan Chase has hired more than 6,700 veterans since 2011. It has
also provided nearly 700 mortgage-free homes, amounting to more than
$104 million, to military families – often those with serious injuries –
through its nonprofit partners.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services
firm with assets of $2.5 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
asset management and private equity. A component of the Dow Jones
Industrial Average, JPMorgan Chase & Co. serves millions of consumers in
the United States and many of the world's most prominent corporate,
institutional and government clients under its J.P. Morgan and Chase
brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.